Finance Bachelors of Science in Business Administration

 


The finance major offered through the Department of Finance is designed to provide the student with a broad knowledge in business finance, investments, financial institutions, international finance, risk management and insurance, and real estate. The program provides the student with the theoretical background and tools of analysis required for making effective financial decisions.

 

2015-2016 Curricular Plan of Study

Prior to orientation or 1st day of classes: Take Math Placement Test (MPT) and place into MAC 1105.

Fall (15 hours)

  • ENC 1101 Composition I
  • MAC 1105C College Algebra
  • ECO 2013 Macroeconomics
  • Cultural Foundation I
  • General Elective
Milestones
  1. Successful completion of MAC 1105

Spring (15 hours)

  • ENC 1102 Composition II
  • ECO 2023 Microeconomics
  • Social Science Foundation
  • General Elective
  • General Elective
Milestones
  1. Successful completion of ECO 2023

Fall (15 hours)

  • ACG 2071 Principles of Managerial Accounting
  • SPC 1608 Fundamentals of Oral Communication
  • Historical Foundation I
  • Biological Science Foundation
  • General Elective
Milestones
  1. Successful completion of ACG 2021.

Spring (15 hours)

  • ACG 2071 Principles of Managerial Accounting
  • Historical Foundation II
  • ECO 3401 Quantitative Business Tools I
  • Physical Science Foundation
  • CGS 2100C Computer Fundamentals for Business
Milestones
  1. Successful completion of General Education Requirements.
  2. Successful completion of Gordon Rule Requirements.
  3. Successful completion of Common Program Prerequisites.

Fall (16 hours)

  • ECO 3411 Quantitative Business Tools II
  • MAR 3023 Marketing
  • FIN 3403C Business Finance
  • MAN 3025 Management of Organizations
  • ACG 3173 Accounting For Decision Makers
  • GEB 3003 Career Research & Planning
Milestones
  1. Completion of Primary Business Core with a minimum GPA of 3.0 and no grade lower than a “C”.
  2. Completion of FIN 3403 and ACG 3173 with a “B” or higher.
  3. Successful completion of GEB 3003.
  4. Declaration of major on MyUCF and admittance into the College of Business.

Spring (15 hours)

  • GEB 3375 Introduction to International Business
  • FIN 3303 Financial Markets
  • FIN 3414 Intermediate Corporate Finance
  • GEB 3005 Career Search Strategies
  • Business Elective
  • General Elective (2 credit)
Milestones
  1. Successful completion of FIN 3414 and GEB 3005.

Fall (16 hours)

  • BUL 3130 Legal and Ethical Environment of Business
  • MAR 3203 Supply Chain and Operations Management
  • FIN 3504 Investment Analysis
  • FIN Restricted Elective
  • FIN Elective
  • GEB 4223 Business Interviewing Techniques
Milestones
  1. Successful completion of FIN 3504 and GEB 4223.

Spring (13 hours)

  • FIN 4424 Adavanced Topics in Financial Management
  • MAN 4720 Strategic Management (Capstone)
  • FIN Restricted Elective
  • FIN Elective
  • GEB 4004 Executing Your Career Plan
Milestones
  1. Successful completion of all degree requirements for graduation.


Certificates

The following Certificates are restricted to finance majors only. These certificates do not require additional hours beyond the finance major program. They are intended to allow students to develop specializations in a specific area of interest. No course grade lower than a C will be accepted for the certificate requirements, and the average GPA for the 12 credits must be a 3.0 or higher. Certificates will be awarded only at the time of degree completion.

Banking (12 Credits)

FIN 4324 Commercial Bank Management
ACG 3131 Intermediate Financial Accounting I
ACG 3141 Intermediate Financial Accounting II
FIN 4941* Finance Internship or
MAR 3391 Professional Selling

Corporate Finance (12 Credits)

ACG 3131 Intermediate Financial Accounting I
ACG 3141 Intermediate Financial Accounting II
FIN 3141 Intermediate Corporate Finance
FIN 4941* Finance Internship

Investments (12 Credits)

FIN 3504 Investment Analysis
FIN 4514 Portfolio Analysis and Management
FIN 4533 Financial Derivatives
FIN 4941* Finance Internship

 

* An internship must be a paid internship with a financial services firm. Must be approved by the department.


Internships

Internships are academic courses that allow students to apply classroom theory in a practical work setting and gain personal, academic and work competencies.

  • One semester
  • Major-related
  • Off-campus
  • Usually for credit
  • Paid or unpaid
  • Structured for learning

Department of Finance internships are available to juniors and seniors majoring in finance. To qualify for an internship, undergraduate students must have successfully completed FIN 3403 Business Finance and at least one other 3000 or 4000 level finance course, and must have a minimum overall GPA of 2.75 and a GPA of 3.0 in the major.

All internships must be related to the field of finance. The objective of the program is to provide students with experience in finance that they would not otherwise have obtained. Therefore, students may not arrange internships with former or current employers. In rare cases, the internship coordinator may approve an internship with a student’s current employer if the job responsibilities assigned to the intern provide a different and appropriate experience in finance.

The Finance Internship Coordinator is Dr. Richard Curcio. The Finance Internship Packet needs to be filled out and turned into the Finance Department in BA1, room 409 in person. Internship packets are due 10 days before the first day of class of each semester by 4:00 p.m. (See the UCF academic calendar for the dates) This will allow time for processing paperwork and registering. Late internship application packets will not be accepted after this date. Internship applicants must provide a picture identification (current driver’s license will suffice) and original signatures from the intern employer. If your internship is approved, the Department of Finance will email a permission number to your Knights email address which will allow you to register for the internship course.

Internships which work with all majors are available to all students at the University of Central Florida for elective credit through the Office of Experiential Learning.


What can I do with this major?

General Information and Strategies

  • Quantitative skills are extremely important. Take additional courses in math, statistics, and accounting.
  • Many positions in finance require the ability to analyze and interpret data.
  • Develop strong interpersonal and communication skills. Cultivate an eye for detail.
  • Gain experience through internships, summer and part-time positions.
  • Read the Wall Street Journal and other financial news magazines to stay abreast of current events and to learn more about the industry.
  • Join student professional associations in the field of finance.
  • Several professional designations and licenses, e.g. Chartered Financial Analyst or Certified Financial Planner, are available to finance professionals working in a particular area. Earning these designations may help one obtain advanced positions.

 

Area Employer Information
• Financial Analysis
• Cash Management
• Credit Management
• Budget Analysis
• Investment Management
• Investor Relations
• Financial Reporting
• Payroll
• Benefits
• Real Estate
• Risk Management
• Private businesses of all sizes and types
• State and local government entities
• Federal agencies including:
• Internal Revenue Service
• Treasury Department
• Schools and universities
• Non-profit organizations
• Foundations
• Hospitals
• Complete a related internship.
• Develop strong computer skills, including spreadsheets, databases, and presentation software.
• Sharp analytical skills are crucial in this industry.
• Earn an MBA to reach the highest levels of corporate finance.
Area Employer Information
• Corporate Credit Analysis
• Commercial Lending
• Trust Management
• Capital Services and Mergers & Acquisitions
• Mortgage Loans
• Originations and Packaging
• Branch Management
• Operations
• Cash Management
• Credit Scoring and Risk Management
• Private Banking
• Commercial banks
• Credit unions
• Savings and loan associations
• Savings banks
• Mortgage banks
• Captive finance companies
• Regulatory agencies including:
• Federal Reserve, FDIC, OCC, OTS
• Gain a solid background in business including marketing and accounting.
• Get experience through part-time, summer or internship positions in a financial service firm.
• Develop strong interpersonal and communication skills in order to work well with a diverse clientele.
Area Employer Information
• Claims Analysis
• Underwriting
• Risk Management
• Sales
• Actuarial Science
• Loss Control
• Life insurance firms
• Property and casualty insurance firms
• Commercial banks
• Savings banks
• Complete an internship with an insurance agency.
• Talk to professionals in the industry to learn more about claims, underwriting, and risk management.
• Initiative and sales ability are necessary to be a successful agent or broker.
• Develop strong communication skills, as many positions require interaction with others and the ability to explain information clearly and concisely.
• Take additional statistics classes to prepare for a career in actuary science.
Area Employer Information
• Sales
• Customer Service
• Operations
• Portfolio Management
• Brokerage firms
• Trust companies
• Financial partnerships
• Multi-line insurance firms
• Sole practitioners
• Gain experience in sales.
• Demonstrate a highly motivated and entrepreneurial personality.
• Research how one obtains the Certified Financial Planner (CFP) designation.
• Develop a solid personal network.
Area Employer Information
• Residential Brokerage
• Commercial Sales
• Appraisals
• Property Management
• Real Estate Portfolio Management
• Real estate brokers
• Commercial banks
• Appraisal firms
• Apartment and condominium complexes
• Developers
• Large corporations: real estate departments
• Real estate investment trusts
• Mutual funds
• Obtain sales experience through part-time, summer or internship positions.
• Research how to become a real estate broker through the National Association of Realtors.
• Develop an entrepreneurial spirit.
• Research apprenticeships in appraisal.
Area Employer Information
• Corporate Financial Analysis
• Mergers and Acquisitions
• Equity and Debt
• Underwriting
• Institutional Bond and Equity Sales
• Retail Bond and Equity Sales
• Business Valuation
• Business Sale Transactions
• Currency Trading
• Derivatives, e.g. options
• Trading
• Venture Capital Fund Management
• New Venture Analysis
• Investment banking firms (Changes in laws have created a fluid situation in this industry; Mergers and acquisitions continue to take place.)
• Financial services firms
• Insurance firms (The Gramm Leach Bliley Act of 1999 allowed financial services firms to acquire or build investment banking subsidiaries and vice versa.)
• An M.B.A. is required to move beyond the entry-level analyst position in investment banking. Investment banking is highly competitive.
• Be prepared to work many hours of overtime per week, start at the bottom, and pay your dues.
• Develop strong analytical and communication skills.
• Cultivate personal ambitiousness.
• Obtain a Series 7 License for both institutional and retail broker sales positions.
• Work toward the CFA designation.
Area Employer Information
• Research
• Trading
• Marketing
• Portfolio Management
• Portfolio management firms
• Commercial banks
• Investment banks
• Federal Reserve banks
• Insurance firms
• Most positions require an advanced degree in economics, finance or business and many years of financial experience.
Area Employer Information
Corporate or Government Including:
• Financial Management
• Financial Reporting
• Cost Accounting
• Tax Planning
• Research
• Companies of various sizes, in all industries
• Federal agencies and departments including:
• Federal Bureau of Investigation
• Internal Revenue Service
• Department of the Treasury
• Office of Management and Budget
• Securities Exchange Commission
• State and local agencies
• Sometimes opportunities in accounting exist in government and corporate settings for finance students.
• Take more than the required amount of accounting classes to supplement finance curriculum.
• Maintain a strong GPA.
• Complete an internship in a government agency and become familiar with the government application process to work in the public sector.

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